TOEFL stands for Test Of English as a Foreign Language (Educational Testing Service) Suggest new definition. This definition appears very frequently and is found in the following Acronym Finder categories: Organizations, NGOs, schools, universities, etc.
Not only do they allow for co-signer(s), but they allow for non-occupying co-borrowers. FHA requires a co-borrower to be a near relative i.e. parents, aunt or uncles, cousins, etc.The good news is that FHA does not require co-borrowers to live with you where other types of loan require that borrowers and co-borrower co-habitat.In simple terms, we lenders calculate the combined income and the debts of all borrowers/co-borrowers to determined your qualification.he good news is that FHA does not require co-borrowers to live with you where other types of loan require that borrowers and co-borrower co-habitat. In simple terms, we lenders calculate the combined income and the debts of all borrowers/co-borrowers to determined your qualification.
George Doyle/Stockbyte/Getty Images. Credit. Even with a co-signer on an FHA loan, the primary borrower must be considered credit qualified with no recent late payments or collections. If the primary borrower is not credit qualified to make a property purchase, the loan will be declined.eorge Doyle/Stockbyte/Getty Images. Credit. Even with a co-signer on an FHA loan, the primary borrower must be considered credit qualified with no recent late payments or collections. If the primary borrower is not credit qualified to make a property purchase, the loan will be declined.